Douglas Elliman and New Valley Partner With Albany, the Luxury Resort Community in The Bahamas, to Release New Marina Residences Designed by BIG
Hi Res Photos for Download:
NEW YORK, Jan. 27, 2014 (GLOBE NEWSWIRE) -- Albany, the luxury resort community
in The Bahamas owned by Tavistock Group, Tiger Woods and Ernie Els, unveiled
plans today for its newest Marina Residences designed by renowned international
architecture firm Bjarke Ingels Group (also known as BIG). Situated in front of
the lifestyle plaza at the center of Albany, the new building named for its
unique design, Honeycomb by BIG, will offer the ultimate in luxury living with a
variety of floor plans from two-bedroom residences to seven-bedroom penthouses,
each with zero-entry pools overlooking Albany's world-class Marina with
spectacular panoramic views of the ocean. The building also offers stunning
views of the Ernie Els-designed 18-hole, links-style championship golf course.
Honeycomb is scheduled to break ground this summer and open in the first half of
Albany also announced a collaborative partnership with real estate powerhouse
New Valley, LLC, and leading residential brokerage firm, Douglas Elliman Real
Estate, to build and market The Marina Residences at Albany.
Albany is nestled along approximately 600 oceanfront acres on the southwestern
end of New Providence in The Bahamas. Recognized as the ultimate yachtsman's
retreat, Albany is highlighted by a state-of-the-art mega-yacht marina, Ernie
Els championship golf course, luxury boutique hotel, a state-of-the-art fitness
center and spa, an adult pool and bar, family water park, movie theater, racquet
center, equestrian center, water sports facilities, kids' clubhouse and casual
and fine dining restaurants.
"Since 2006, Albany has welcomed 150 families from 17 countries to become a part
of our resort community," said Christopher Anand, Albany's managing partner. "We
have enjoyed unprecedented sales success following the financial crisis in 2008
because of our family-friendly amenity offerings, accessible location within The
Bahamas, and our conservative financial structure, all of which have made Albany
even more compelling."
"We have focused on New York and South Florida as core markets for New Valley,"
said Howard Lorber, President and CEO of New Valley and Chairman of Douglas
Elliman. "But after spending time at Albany and seeing what they've already
established there, I was convinced we had to form a partnership. We are excited
to create these very special homes together with the new Marina Residences
designed by BIG."
The Marina Residences at Albany overlook one of the finest marinas in the
Caribbean with 71 slips and state-of-the-art floating concrete docks that can
accommodate boats from 50 feet in length up to 300-foot mega-yachts.
The new building designed by BIG is the second expansion phase of the Marina
Residences at Albany, which combines the best in waterfront living with
unparalleled luxury and extraordinary views. The first phase of the Marina
Residences at Albany are sold out within three, six-story towers totaling
275,000 square feet designed by leading architects Morris Adjmi Architects,
Gwathmey Siegel and HKS Architects. All three buildings are slated for
completion in 2014. "The product, the place, and the community are all proving
to be highly attractive," said Anand.
"Our design is driven by an effort to maximize the enjoyment of the abundant
natural qualities of Albany in The Bahamas: the landscape, the sea and the sun,"
said Bjarke Ingels, founder of BIG. "We were challenged to create one-of-a-kind,
luxury residences with breathtaking views and terrace pools. Our honeycomb
faÃ§ade functionally supports the pools making them sink into the terrace floor
and provides spectacular sight lines while maintaining privacy for each
residence. Drawing inspiration from its coastal setting, the hexagonal design
evokes the natural geometries you find in certain coral formations or
Albany Marina enjoys a prime location amidst The Bahamas' 700 islands. Pristine
beaches, world-class fishing destinations and an international airport are
situated just minutes from Albany Marina.
"The 600 acres that is Albany in The Bahamas, is one of the most unique
developments in the world, given its proximity to the U.S., its access to
airlift, its waterfront views and the total lifestyle amenity package," said
In addition to the new residences, Albany has also recently announced plans to
develop the Albany Wellness Center, Albany Medical Center and the Albany
Financial Center, which will offer residents turnkey office solutions. With
these new additions, Albany offers a live, work, play environment unlike any
other in The Bahamas.
"Albany is a terrific vote of confidence for the Commonwealth of The Bahamas.
The sales success that Albany has experienced is a resilient validation of our
tropical community and its international appeal," said the Rt. Hon. Perry
Christie Prime Minister & Minister of Finance of The Commonwealth of The
For more information on Albany and its developments, please visit
ABOUT DOUGLAS ELLIMAN REAL ESTATE
Douglas Elliman Real Estate is New York's largest residential brokerage, with
over 70 offices in New York City, Long Island, the Hamptons, Westchester/Putnam,
Los Angeles, and South Florida and more than 4,000 real estate agents and a
network of national and international affiliates. They are strategic partners
with London-based Knight Frank LLP for residential business in all of their New
York markets. Douglas Elliman ranked in the top four of all real estate
companies in the nation in 2007, 2008, 2009, 2010, 2011, 2012, and 2013. The
company also controls a portfolio of real estate services, including Manhattan's
largest residential property manager, Douglas Elliman Property Management, as
well as DE Title and DE Capital Mortgage. For more information on Douglas
Elliman as well as expert commentary on emerging trends in the real estate
industry, visit the Douglas Elliman site at www.elliman.com
ABOUT NEW VALLEY
New Valley, LLC, a wholly owned subsidiary of Vector Group, Ltd. (NYSE:VGR), is
a Delaware limited liability company focused on real estate investments
primarily in the United States and the Caribbean. New Valley is an opportunistic
investor in a variety of asset types, including commercial, residential,
hospitality, and mixed-use properties. The company takes an active role in the
repositioning and management of properties in which it holds an interest. In
addition to its real estate investments, New Valley also holds a 50% stake in
Douglas Elliman Realty, LLC, which operates the largest residential real estate
brokerage in the New York metropolitan area and one of the fastest growing
brokerages in South Florida. For more information visit www.newvalley.com.
ABOUT BJARKE INGELS GROUP
BIG - Bjarke Ingels Group is a leading international partnership of architects,
designers, builders and thinkers operating within the fields of architecture,
urbanism, research and development. BIG is led by partners - Bjarke Ingels,
Andreas Klok Pedersen, Finn NÃ¸rkjÃ¦r, David Zahle, Jakob Lange, Thomas
Christoffersen and Managing Partners, Sheela Maini SÃ¸gaard and Kai-Uwe Bergmann
- with offices in Copenhagen and New York. In all our actions we try to move the
focus from the little details to the BIG picture. www.big.dk
ABOUT ALBANY - THE BAHAMAS
Albany, located in The Bahamas, is a luxury resort community jointly owned by
Tavistock Group, Tiger Woods and Ernie Els. Opened in 2010, Albany is nestled
along approximately 600 oceanfront acres on the southwestern end of New
Providence and conveniently located seven minutes and five miles from Nassau's
international airport. Albany features an array of residential offerings and
amenities for all members of the family, including a well-appointed boutique
hotel, a 71-slip mega-yacht marina, an Ernie Els-designed golf course, a fitness
center and spa, an adult pool and bar, a family water park, a kids' clubhouse
and casual and fine dining restaurants. Albany's deep-water marina is being
designed and built to aesthetically rival the great resort ports of the world.
For more information, visit www.albanybahamas.com.
ABOUT TAVISTOCK GROUP
Tavistock Group is an international private investment organization founded by
Joe Lewis. With investments in more than 200 companies across 15 countries,
Tavistock Group's investment portfolio includes: life sciences, sports teams and
sporting events, manufacturing and distribution, oil, gas and energy, financial
services, restaurants, commercial properties, private luxury residential
properties, resort properties and master-planned real estate developments. For
more information, visit www.tavistock.com.
Jessi Blakley, APR
Douglas Elliman/New Valley
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Albany via GlobeNewswire